Recent Buy: Bank OZK (OZK)

I opened a new position with the purchase of Bank OZK (OZK)

107 shares @ $26.27 on 11/16/2018.

This increases my forward 12-month dividend income by $89.88 to a total of $7,157.20

I also updated my portfolio page to reflect the change.

My Thoughts

I kinda pull the tiger on this one a little early, but that is ok because I will be holding this stock for a long time.

Bank OZK has a dividend yield of 3.85% and a 5-year dividend growth rate of 23.2%. 

I am currently in the red with a loss of 19.34%. I am ok with that because I will be doubling down sometime in the near future. 

I find OZK to be undervalued, and I recommend it as a BUY at this time. I have a fair value price at $35.89. This means that OZK is 69.4% Undervalued based on today’s price of $21.19 (12/19/2018).

Source: Fastgraphs.com

What do you think of the company? Plan on owning it or already do? or why not?

Thanks for reading, and don’t forget to connect with me through Facebook and Twitter to see my latest buys.

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